Rep. Image | Courtesy: Richard Balabarcon @ Pixabay
Hub71-backed ABHI, an embedded finance platform founded in Pakistan, is advancing to its next growth stage by establishing its global headquarters in Abu Dhabi with support from the Abu Dhabi Investment Office (ADIO) to grow its international operations.
ABHI is now working with Hub71’s strategic partner ADIO as the FinTech scales up its operations to capture growth opportunities in emerging markets.
Badr Al-Olama, Director General of ADIO, said that, “ABHI is a great example of how fast companies can start, scale, and succeed in Abu Dhabi. By being part of the Hub71 tech ecosystem for a year, the company is now collaborating with ADIO to rapidly accelerate its growth and expansion beyond Abu Dhabi.”
ABHI joined Hub71, Abu Dhabi’s global tech ecosystem, in 2022 where the company flourished by tapping into an extensive network of corporations, investment partners, and government entities, unlocking the advantages of Abu Dhabi’s marketplace.
The UAE’s capital supports the growth of companies at all stages through partnerships and collaboration as part of a broad ecosystem of national champions and investors working together to expand support for high-growth companies from inception to IPO.
Omair Ansari, CEO and Co-Founder of ABHI, stated that, “We are thrilled to establish our global headquarters in Abu Dhabi, a decision that marks a significant milestone in ABHI’s journey. This move is not just about expanding our geographical footprint; it’s a strategic alignment with Abu Dhabi’s vibrant tech ecosystem and the forward-thinking vision of ADIO.”
“Our presence in Abu Dhabi will enable us to leverage the dynamic business environment and robust support system to accelerate our growth and innovation. This partnership with ADIO is a testament to our commitment to delivering cutting-edge financial solutions and reaffirms our position as a leader in the embedded finance sector. We look forward to contributing to and benefiting from the thriving tech landscape of the UAE and beyond, furthering our mission to empower employers and employees with efficient financial solutions,” Ansari added.
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